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$574,475
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Property Description
Why dream of a multi-million dollar brownstone in Brooklyn or Queens when you can own a magnificent piece of classic American architecture for a fraction of the cost? Welcome to 87 City Terrace, a spectacular brick multi-family property that perfectly balances turn-of-the-century grandeur with modern features. This is the ultimate opportunity for an owner-occupant looking to build equity, establish roots, and let their property pay for itself. From the curb, the estate commands attention. The striking exterior boasts a commanding brick facade, a stately rounded bay elevation, and deeply handsomely carved architectural corbels at the roofline-features that evoke the timeless elegance of New York City's most historic and coveted neighborhoods. Step inside, and the home's rich heritage unfolds. The spacious, sun-drenched interiors are anchored by breathtaking, newly refinished original oak hardwood floors that radiate a warm, deep amber glow. A magnificent focal point awaits in the parlor: a stunning, historic fireplace mantel complete with an original mirrored overmantel, intricately carved columns, and beautifully preserved multi-tonal glaze tiles. Expansive, deep-set windows-including the magnificent curved bay window alcoves-flood the rooms with natural light, illuminating the robust, thick historic baseboards and window casings that you simply cannot replicate in modern construction. For the visionary buyer, this property offers a brilliant, time-tested wealth-building strategy: live luxuriously in one unit while leasing the other. The rental income from your tenant can substantially offset, or entirely cover, your monthly mortgage payment, giving you unparalleled financial freedom while living in a historic gem. Perfectly situated in a stable, established pocket of Newburgh, you are just a short stroll from the rolling green hills and historic design of the famed Downing Park. Enjoy a vibrant local community, scenic river views, and an emerging culinary scene just minutes from your front door. Skip the bidding wars of the outer boroughs and secure an architecturally significant home that offers a lifestyle of character, comfort, and financial freedom. 87 City Terrace isn't just an investment in real estate-it's an investment in your future. Schedule your private tour today and step into a piece of living history.
Full Property Details
Full Property Details for 87 City Terrace
General
- Price: $574,475
- Taxes: $10,566
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1057105
- Updated: 10/1/2026
- Added to Site: 11 day(s) ago
Interior
- Interior Features: First Floor Bedroom, First Floor Full Bath, Original Details
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: On Street
Location
- County: Orange County
- Driving Directions: Use GPS
School Information
- High School District: Newburgh
- Elementary School: Newburgh
- Middle School: Newburgh
- High School: Newburgh Free Academy
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Natural Gas
- Heating Zones: 2
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick, Frame
- Basement: Yes
- Basement Desc.: Unfinished
- Building Size: 2222
- Square Feet: 2,222
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
Financial Considerations
- Tax Amount: $10,566.02
- Tenant Pays: Electricity, Gas, Heat
Disclosures and Reports
- Special Conditions: None
- Property ID: 331100-022-000-0002-021.000-0000
Listed by Your Move Matters LLC
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Schools
Schools serving 87 City Terrace
School District:Newburgh City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 87 City Terrace
Date
Details
Price
Change
Source
10/01/2026
Listed
$574,475
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 87 City Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,699
100%
$350,000
195%
2021
100%
$118,800
10%
2021
100%
$108,000
-35%
2021
-100%
$166,100
20%
2021
$5,189
—
$138,400
18%
2021
$5,189
8%
$117,300
26%
2020
$4,826
142%
$93,300
10%
2018
$1,993
-53%
$84,800
1%
2017
$4,245
9%
$83,700
11%
2016
$3,911
-9%
$75,600
-8%
2015
$4,314
-8%
$82,200
-10%
2015
$4,698
-2%
$91,300
-2%
2013
$4,810
—
$92,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 87 City Terrace
87 City Terrace, Newburgh, NY 12550 (MLS# 1057105) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 87 City Terrace is currently listed for $574,475 and was received on October 01, 2026. Want to learn more about 87 City Terrace? Do you have questions about finding other Multi-Family real estate for sale in Newburgh? You can browse all Newburgh real estate or contact a Coldwell Banker agent to request more information.
